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The following information concerns production in the Baking Department for August. All direct materials are...

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Accounting

The following information concerns production in the Baking Department for August. All direct materials are placed in process at the beginning of production.

Date Item Debit Credit Balance Debit Balance Credit
August 1 Bal., 6,300 units, 2/5 completed 11,718
31 Direct materials, 113,400 units 181,440 193,158
31 Direct labor 51,640 244,798
31 Factory overhead 29,042 273,840
31 Goods finished, 114,900 units 264,144 9,696
31 Bal., ? units, 3/5 completed 9,696

a. Based on the above data, determine each cost listed below. Round "cost per equivalent unit" answers to the nearest cent.

Line Item Description Amount
1. Direct materials cost per equivalent unit $fill in the blank 1
2. Conversion cost per equivalent unit $fill in the blank 2
3. Cost of the beginning work in process completed during August $fill in the blank 3
4. Cost of units started and completed during August $fill in the blank 4
5. Cost of the ending work in process $fill in the blank 5

b. Assuming that the direct materials cost is the same for July and August, did the conversion cost per equivalent unit increase, decrease, or remain the same in August?

DecreaseIncreaseRemain the same

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